The Ceibo Amorim recorded sales of 156.7 million euros in the first quarter, an increase of 6.3% over the same period of 2015 (147.4 million euro), said on Tuesday the company.
according to the information sent to the Portuguese Securities Market Commission (CMVM), all Ceibo business Units Amorim contributed positively to the company’s results, which ended the quarter with 13.9 million profit euros, a growth of 64.7% yoy (8,4milhões euros).
the biggest contribution to the results came from Cork Stoppers Business Unit, which “continues to show a great dynamic sales (+ 7.8%), “says the company, whose major shareholder is the businessman Américo Amorim. Also Coatings unit noted “sales growth, in contrast to the previous quarters.”
The company notes that in the first quarter, “and contrary to the reality of previous years, the evolution of results benefited from a foreign exchange impact of less than one million euros. “
EBITDA increased by 16%, having fixed in 27.6 million, benefiting from the favorable evolution of operating costs, which enabled a 17.6% ratio on sales above that achieved in the first quarter 2015, which was 16.2%.
“in line with what has been observed, the 1st quarter 2016 was also marked by further improvement in financial performance resulting from interest rates and a debt level lower than the same quarter, “the statement sent to CMVM.
the shares of CORTICEIRA AMORIM, that integrate the main stock index in Lisbon, the PSI 20, follow to value more than 2%.
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